EBK ECONOMICS TODAY
18th Edition
ISBN: 9780100663336
Author: Miller
Publisher: YUZU
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Question
Chapter 33, Problem aFCT
To determine
Reason for economist’s judgement for the international prowess of a nation’s currency.
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Suppose country A’s goods become more popular with foreign consumers, and country B’s less so. How would this affect each country, assuming that they share a common currency? What are the pros or cons for each country?
Suppose country A’s goods become more popular with foreign consumers, and country B’s less so. How would this affect each country, assuming that they have their own independent currency? What are the pros or cons for each country?
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